Legal questions on Business Law

Rights of son to speak for mother

I am living in U.S.A. along with my mother. My mother is holding shares in Indian company in Karnataka. There are ten shareholders in the company. All of the shareholders are family members. The three Board Members are her brothers. Ten years ago, the family had agreed amongst themselves to settle outgoing shareholders for 5 Crores each by selling some of the property. Up till now, she he...

Contract

Mr. Anirudh wanted to buy raw material for his bakery situated in Alambagh, Lucknow. Hartash M/s Pvt. Ltd. was the company who use to manufacture and sell raw materials for bakery. It was situated in Sitapus. Mr. Anirudh wrote a letter to Hartash pvt. Ltd asking them to sell products specified in the offer at MRP. The offer contained a clause that, “If not accepted within 15 days from the dat...

Authorized signatory after resignation

The Pvt ltd company run by two of its directors who sold their shares and resigned and two new directors were inducted post-retirement simultaneously( one by one ), the new board director runs a Multi level chain in the name of business of the company. The earlier two directors are the authorized signatory in the bank. The new board directors though have taken a decision to be the sole authoriz...

Running a legal massage parlor without getting charged or raided

Hi, I'm looking to establish a chain of massage parlors in Pune. It has come to my notice that due to explicit activities being conducted in a majority of such parlors, the local police have conducted raids and barred many owners for misconduct. Many such parlors are also charged for human trafficking and selling services of that of a brothel under the veil of a massage parlor. How can I pro...

Business Partner Alliance with IT resource company

I as a individual signed a business alliance partnership with international IT company. The services I offered to work with them on India IT company recruitment against demand. The partnership was for one year by paying fee of 135000 per year. However, I negotiated that and agreed by mail confirmation to pay in two instalment - One immediate and second after 135 days. Company provided prospect ...

Taking seed investment from an unknown friend

Hello, myself sameer ahmed khan. Me & my business partner came up with a startup idea to organise a part of retail industry and the idea is a boom. We have started getting traction already and then met a guy who is a mutual friend, he was showing interest in our idea from the first day and asked equal stake for ₹30l, but we rejected. We had 0 knowledge about stake etc, so we contacted one of ou...

Breach of contract

I sold commercial car to SUNIL on the condition that he will pay the 36 months EMI & he will take care of care & permit fitnes etc and after completion of EMI he will be the owner, I made this agreement on affidavit. he gave that car to another person SUMIT without my permission after 2 months. when I found that then SUNIL took the responsibility of SUMIT but same contract with SUMIT & SUNIL as...

Notice period to be recovered by the company & relieving date confusion

Asking this question on my friends behalf. He works for an MNC and was asked (let's say on Jan 1st) to leave and three months (ends on March 31st) were given to find new opportunity. He was not asked by HR / line manager to raise any resignation request on system (i.e., SAP). He was informed verbally and through mail (post). Now, after three months (let's say on March 31st), he went to his offi...

Bond signed for data entry work

Had created a online data entry of infinity solutions Surat after registering I got to know that the company is fraud through cyber complaints many people suffered through out India it is a process of data entry we have to fill 600 forms each 30 rs if we fail we have to pay 5100 they sended that although many of them completed it is showing as u have done more than 100 mistakes so u have to pay...

Cheque bounce gst dilemma firm

I had a Proprietorship firm in MP with which I was doing import export business since 2015 and with this firm I gave material imported goods on credit to a firm based in Mumbai in 2015 during VAT/CST time. Due to losses in business I did not continue my business after 1 July 2017 and did not get GST registration and my firm was shut down but bank accounts of my firm are active. The Mumbai firm ...